Britain’s second biggest house builder has seen trade contractor tender price inflation all but disappear as orders slide. In trading statement covering 2023, the firm said UK completions were down a third to 10,438 from 13,773 in 2022. Despite ongoing market and planning challenges, chief executive Jennie Daly said full-year operating profit would be at
London and south east based contractor Diamond Build plc and its specialist Diamond Fire Safety division have ceased trading. Both firms are heading for liquidation while other parts of the wider Diamond Build Group are unaffected. Accountants at MHA are now working with the companies ahead of their planned liquidation later this month. MHA said:
Vistry has secured a £29m contract from Riverside Group to design and build 40 energy-efficient homes alongside an extra care scheme providing 90 flats in Southport. As part of the development, Vistry will also deliver a 12-flat short term assessment centre for individuals who are neurodiverse. The design of the centre, which will be operated
The cost of building HS2 between London and Birmingham is likely to soar to nearly £67bn at today’s prices. The new estimate provided by HS2 chief Sir Jon Thompson is nearly double what the entire project was expected to cost in 2013. Then the whole project, including the earlier planned phase two routes to both
A pothole robot is being tested on the roads of Hertfordshire in what is claimed to be a world first. The autonomous robot has been developed by tech company Robotiz3d and academics at the University of Liverpool who have been working in partnership with Hertfordshire County Council Highways Engineers. The team has now developed the
Northumbrian Water has brought in seven new partners to deliver its AMP8 investment and beyond across the North East, Essex and Suffolk. The seven successful bidders are Esh-Stantec, Avove, Farrans Construction, Costain, Mott MacDonald Bentley (MMB), BAM Nuttall and MWH Treatment. They will provide design and construction services within the water company’s frameworks, joining five
Costain has started 2024 on a high with net cash up a third at £164m and securing a place on Northumbrian Water’s £670m treatment works framework. In a City trading statement this morning the firm said strong working capital management had seen net cash built up to levels significantly ahead of market expectations while profits
Tilbury Douglas has rejigged its northern building leadership team following the promotion of John Gittins who has move up to become managing director for national construction operations. To take fill the vacancy, Phil Shaw has been promoted to take on Gittins’ former role of managing director of the Building North region. Construction leadership rejig in
BAM has confirmed that James Wimpenny, Executive Director, Construction, UK and Ireland Division, has decided to retire at the end of this month He will step down following a 38-year career with BAM to spend more time with his family and pursue opportunities in the charitable sector. Wimpenny joined BAM in 1985 as a management
Manchester Airports Group has started the hunt for partners to deliver a £550m capital programme of airfield works at its airports. The work covering construction and rehabilitation of concrete and asphalt airside infrastructure covers Manchester, East Midlands and Stansted airports and will be delivered in a 5-8 year programme. The airport group is looking for
